ryan-stokesBEACH Energy Limited has appointed Ryan Stokes, the chief executive of Seven Group Holdings Limited, as a non-executive director of Beach.

Seven Group Holdings Limited and related corporations collectively have a relevant interest in 22.89 per cent of the shares of Beach.

It has also been agreed that if Seven Group Holdings Limited’s interest in Beach falls below 12.5 per cent, Seven Group Holdings Limited will procure the resignation of Mr Stokes if requested by Beach.

Beach has also announced that long serving director, John Butler, has today resigned as a director. Mr Butler was appointed a director in 1999 after having been an alternate director to Reg Nelson between 1994 and 1998.